The lender normally provides information about the upcoming change. The new rate, repayment, offset access and fixed-rate alternatives depend on the product and current lender settings.
What to understand first
Compare the total cost and flexibility of staying, fixing again, splitting or refinancing. Check break costs, discharge fees and timing before acting.
What lenders may consider
Start the review before expiry so there is time to gather documents and obtain a meaningful comparison.
Practical next steps
Gather the relevant documents and compare the complete position, including repayments, fees, timing and the purpose of the finance. Lender policy varies, and information should be confirmed for the application being considered.
Before the fixed period expires
A review is most useful when it compares the whole loan, not only the headline rate.
- Confirm the expected repayment after the fixed period and any available product options.
- Check offset, redraw, extra repayment and break-cost implications.
- Allow time to compare staying, splitting, refixing or refinancing.
This article is general information only and is not personal financial, legal, accounting or tax advice. Credit is subject to lender criteria, eligibility and approval.
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